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Delaware County Reassessment Project 
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Dear School Community Residents,

As many of you realize, Delaware County is conducting a court-ordered reassessment of all the real estate within the county, and residents are receiving their tentative property assessment values. The reassessment was ordered in 2017 to address what the court found to be inequities between and among property owners and communities that had developed since the previous assessment two decades ago. Ultimately, the purpose of the reassessment is to distribute the property tax equitably among properties based on current fair market values.  All reassessed property values are generated by Delaware County and not the Garnet Valley School District, and at this time the District does not possess any information with regard to the proposed reassessed values. 

It's important to note that the reassessment cannot legally be used by the county, by any school district, or municipality to generate more tax revenue. Following the reassessment, millage rates will be adjusted accordingly to ensure no additional revenues are collected as a result of an overall increase in market values. However, while the overall impact on a community is designed to be revenue neutral, individual property owners may see their taxes decrease or increase. The new assessed value of your property will take effect beginning on January 1, 2021. We caution you not to apply the current millage tax rate to your new assessment, as the result will be inaccurate. The new millage rate will be determined by your Municipality, County, and School District for the 2021 tax year.

If you have further questions or need more information, you can access the following links:


Sincerely,

Dr. Marc Bertrando, Superintendent

Garnet Valley School District


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Posted by curtisj On 04 March, 2020 at 12:03 PM  

 
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